Frequently Asked Questions about Vehicle Title Loans Newmarket Ontario

What is a vehicle title loan?

A secured collateral vehicle title loan is secured by the collateral of your paid off and fully owned car and its car title. No credit checks ever need to be done.

How do you apply for a collateral vehicle title loan?

Collateral vehicle title loans require you to bring in your car for inspection and appraisal for its true market value to determine the loan amount. Other things you need to prepare are a valid driver’s license, the lien free car title, proof of permanent residence, registration, and car collision insurance.

What is the interest rate for collateral car title loans?

Interest rates for collateral car title loans are the lowest compared to other unsecured loans and short term loans. Payment terms are also the longest and most flexible running up to 7 years.

Will any special fees be charged?

No credit check title loans carry no special or hidden fees. No early payment penalty will be charged if you pay off the loan early.

What loan amount can be borrowed?

The loan amount is based upon the true market value of your car as well as the engine’s performance, year, and make of model.

How fast will the loan be approved and the money be released?

The loan can be approved in one hour and you get the cash on the same day as approval.

Is good credit necessary to get a loan?

Lenders don’t need to check for credit history because the loan is already secured by the collateral. No credit checks are needed.

When in need of immediate or emergency fast cash that offers no penalties for early payments and low interest, a collateral car title loan from Quick Cash Canada may be the best option for you. Call Quick Cash Canada Loans toll free at 1-888-517-1625 and apply now for a car title loan. You’ll speak with a member of our dedicated team and see how Quick Cash Canada can help.